1.) b
2.)c
3.)b
4.)I think d
5.) a maybe
6.)c
Answer:
The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.
Explanation:
Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.
Answer:
$ 21,000
Explanation:
To determine the answer we need to preoare a movemnet of the account for uncollectible account.
Opening balance - Allowance for uncollectible accounts $ 180,000
Add: Bad debt expense for the year <u>$ 21,000</u>
Available balance of Allowance for uncollectible accounts $ 201,000
Less: Closing balance - Allowance for uncollectible accounts <u>$ 190,000</u>
Actual bad debts written off $ 21,000
The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.
Hi there
First find the predetermined overhead rate
Predetermined oH rate is total estimated overhead divided by estimated direct labor
Predetermined oH rate is
450,000÷180,000
=2.5
the amount of overhead to be allocated to finished goods inventory if there is $20,000 of total direct labor cost in the jobs in the finished goods inventory is
2.5×20,000
=50,000. ...answer
Good luck!
Answer:
The correct option is (D)
Explanation:
The balance sheet reflects the position of an organization in terms of assets and liabilities as on a particular date. All crucial financial information like methods of inventory valuation, depreciation method valuation of intangible assets cannot be reported in balance sheet. These are reported in notes to financial statements or footnotes.
Depreciation and amortization expense are reported on the asset side of balance sheet as a deduction from gross value of depreciable property to arrive at net value.
Asset balances are also reported in the balance sheet. Depreciation and amortization methods are reported in footnotes or notes to financial statements.
Therefore, all answer options are correct.
